International Journal of Recent Technology and Engineering (IJRTE) ISSN: 2277-3878, Volume-8, Issue-2S11, September 2019 3760 Published By: Blue Eyes Intelligence Engineering & Sciences Publication Retrieval Number: B14870982S1119/2019©BEIESP DOI: 10.35940/ijrte.B1487.0982S1119 Abstract: The article discusses the relationship between the development of fuel and energy Uzbekistan with GDP growth (gross domestic product). Data are provided on the forecast growth rates of the world economy, the average developed countries and Uzbekistan, factors for ensuring GDP growth in tandem with the efficiency of the use of fuel and energy resources. Based on the cross-country regression analysis, the model of the influence of the energy system performance index (EAPI) on GDP growth is shown. Key words: fuel and energy complex, sustainable economic development, energy balance, energy structure, energy intensity of GDP, cross-country regression analysis, innovative energy, energy resources, investments, unit investment, energy cost.. I. INTRODUCTION An important result of the economic reforms implemented in Uzbekistan was the technical and technological renewal of one of the key sectors of the real sector — the fuel and energy complex (FEC). As early as 1995, Uzbekistan achieved oil and, in general, energy independence. At present, given the republic’s self-sufficiency, measures are being taken for the medium and long-term satisfaction of its needs with the necessary quality energy resources on the basis of sustainable innovative development of the industry. In the Action Strategy for the five priority areas of the country's development in 2017–2021, the country's leadership identified the main objectives for reducing the energy intensity of the economy, ensuring the rational and efficient use of non-reproducible hydrocarbon resources in Uzbekistan, as well as ―ensuring balance and sustainability of the national economy, increasing its share industry, .... reduction of energy intensity and resource intensity of the economy, widespread introduction of energy-saving technologies into production, expansion ix renewable energy, increase in labor productivity in the economy; ... to ensure sustainable high rates of growth of gross domestic product by maintaining macroeconomic balance, deepening of structural and institutional reforms on the basis of implementation of the adopted medium-term programs. " The fuel and energy sector plays a key role in the development of the economy of Uzbekistan: almost 50% of capital investments go to this sector, it accounts for 22.7% of the total gross domestic product (GDP). Concrete measures are being taken to increase the efficiency of using power plants, reduce Revised Version Manuscript Received on 16 September, 2019. * Correspondence Author Dc.S Prof. M.A.Makhkamova, Tashkent State Technical University, Tashkent, Uzbekistan Ph.D. G. J. Allaeva, Tashkent State Technical University, Tashkent, Uzbekistan, allaeva74@mail.ru specific energy consumption, reduce the share of natural gas by increasing the use of coal in the energy production process, based on modernization, technical and technological re-equipment of enterprises, introducing resource-saving technologies, and, as a result, ensuring reliable and quality supply consumers with electrical and thermal energy in the long term [1]. However, the economy of Uzbekistan is very energy intensive by international standards. Uzbekistan is inferior in this respect to the average for the countries of Western Europe - by 4-5 times, the USA - by 3.5 times, Japan and Korea - more than 4 times. In the group of CIS countries, Uzbekistan has the highest value for this indicator. The energy intensity of Uzbekistan’s GDP exceeds the current value of this indicator in Russia by 80%, Kazakhstan by 70%, and Ukraine by 20% (Fig. 1) [9]. This is due to the use of technologically outdated equipment, a high proportion of fuel and energy resources in the country's exports, relatively low prices for electricity and some types of fuel, inadequate accounting for the production and consumption of electricity and energy resources, etc. Fig. 1. The energy intensity of GDP at PPP of Uzbekistan in comparison with other countries (t.e. / thousand dollars.) [8] On the other hand, the global economic crisis has demonstrated the scientific and practical importance of preventing the future sharp fall in the world's GDP by realizing the economic and innovative potential of their fuel and energy complexes. Being the backbone structure of the global economy, they are able to generate and maintain Relationship between Sustainable Development of Branches of Fuel and Energy Complex and Growth GDP M. A. Makhkamova, G. J. Allaeva